RESIDENTIAL FUNDING SECURITIES
A GMAC COMPANY
RFMSI 2001-S2
SUBORDINATE OFFERINGS
Settlement Date 01/30/2001
01/19/01 9:48 AM
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D E A L S T R U C T U R E
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Face Avg
Class Bond Type Amount Coup Life Spread ~Yield ~Price Window Notes
-------------- ------------ ----------- ------- ------- -------- -------- --------- ----------- --------
<S> <C> <C> <C>
SNR +/- 2% AAA 200,250,000 7.25
M1 MEZ, NAS 3,846,963 7.25 10.62 SOLD
M2 MEZ, NAS 1,559,579 7.25 10.62 +240 7.543 98-09 02/01-11/30
M3 MEZ, NAS 935,748 7.25 10.62 +305 8.193 94-01 02/01-11/30
B1 SUB, NAS 519,860 7.25 10.62 +575 10.893 79-02 02/01-11/30
B2 SUB, NAS 415,888 7.25 10.62 +1175 16.893 56-14 02/01-11/30
B3 SUB, NAS 415,888 7.25 10.62 $23-16 23-16 02/01-11/30
TOTAL 207,943,926
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Yield Curve 3mo 6mo 1yr 2yr 5yr 10yr 30yr
------------------- ----------- ----------- ----------- ------------ ----------- ----------- -----------
Bmk Yield 5.267 5.097 5.089 4.716 4.767 5.143 5.509
Swap Spreads 62 95 87
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APPROXIMATE COLLATERAL CHARACTERISTICS
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Collateral Type 30YR JUMBO-A
Pricing Speed 300 PSA
Pass-Through Coupon 7.25%
Gross Weighted Average Coupon 8.10%
Weighted Average Maturity 358
Weighted Average LTV 73.5%
State Concentration 45% Max California
Documentation 85-90% Full/Alt
Cash-Out REFI 8.0%
Average Loan Balance $380,000
Prepayment Penalty 5% Max
Average FICO Score 736
Senior/Sub Structure 3.70% subordination
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COMMENTS
Approximate Credit Enhancement Levels: AAA 3.70%
AA 1.85%
All tables attached assume A 1.10%
no losses. BBB 0.65%
BB 0.40%
B 0.20%
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This information was prepared for informational purposes only. It is not an
offer to buy or sell any MBS/ABS instrument. In the event of such offering, this
information is deemed superseded & amended entirely by a Prospectus or
Prospectus Supplement. It is not an official confirmation of terms and is based
on information generally available to the public from sources believed to be
reliable. No representation is made of accuracy or completeness or that any
returns indicated will be achieved. Any changes to assumptions may have a
material impact on returns. Past performance is not indicative of future
results. The related security may only be transferred in accordance with U.S. or
other relevant securities laws and according to the terms of such security. --
Residential Funding Corporation and affiliates, Residential Funding Securities
Corporation and RFSC International Limited.
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